Students Aid Foundation
- Assets
- $2.5m
- Revenue
- $89.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 11/1942
- Data as of
- 12/2021
- EIN
- 58-0612611
Organization Overview
Students Aid Foundation is located in Atlanta, GA. The organization was established in 1942. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Students Aid Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Students Aid Foundation generated $89.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $207.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING STUDENT LOANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ginger Sundberg Foundation Mgr. | 32 | $49,000 | |
Marjorie Mitchell Director | 1 | $0 | |
Sarah Ernst Director | 1 | $0 | |
Laura Warren Secretary | 3 | $0 | |
John F Oglesby Director | 1 | $0 | |
Claire Griffith Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,000 |
| Interest on Savings | $1 |
| Dividends & Interest | $36,187 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,811 |
| Capital Gain Net Income | $20,811 |
| Net ST Capital Gain | $20,007 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $25,998 |
| Total Revenue | $88,997 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,920 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $126,162 |
| Total operating and administrative expenses | $207,760 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $207,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $326,649 |
| Savings and temporary cash investments | $21,725 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,678,980 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $515,697 |
| Total assets | $2,543,051 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,849 |
| Total liabilities | $2,849 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Students Aid Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Blanche Lipscomb Foundation Inc Atlanta, GA PURPOSE: GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Truist Foundation Inc Orlando, FL | $535,253,915 | $119,578,224 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Leslie L Alexander Foundation Delray Beach, FL | $372,501,228 | $8,282,313 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |